ESL Credit Card Information ^top
| Annual Percentage Rate for Purchases |
The Introductory Annual Percentage Rate (APR) will be 5.90% for 6 billing cycles following the account open date. Gold Card - Thereafter, a variable APR of 9.40% (0.02575% corresponding Daily Periodic Rate). Classic Card - Thereafter, a variable APR of 12.40% (0.03397% corresponding Daily Periodic Rate). |
|---|---|
| Other APRs | Past due rate 18.0%* |
| Variable Rate Information |
Gold Card - Following the introductory fixed rate period, your Annual Percentage Rate may vary monthly based on the Prime rate plus 4.4%** Classic Card - Following the introductory fixed rate period, your Annual Percentage Rate may vary monthly based on the Prime rate plus 7.4%** |
| Grace Period for Repayment of Balance for Purchases | Not less than 25 days from your statement closing date, if you paid your previous balance in full by the billing cycle date, but none for balance transfers, cash advances or convenience checks. |
| Annual Fee | None |
| Other Fees | Late Payment Fee: $29. Over-the Credit-Limit Fee: $29 per cycle. Returned Payment Fee: $10. |
| Minimum Finance Charge | $.50 in any month that a finance charge is payable. |
| Method of computing the Balance for Purchases | Average Daily Balance Method (including new purchases). |
Introductory rate on Visa credit cards is fixed for 6 months from account open date. At the end of the 6 months, the contract rate becomes variable and may increase, based on the Prime Rate + 4.4% for Gold card holders and Prime Rate + 7.4% for Classic card holders.
Your Annual Percentage Rate for cash advances and balance transfers is the same as for purchases. The APR will be 5.90% through the first six months beginning with the date the account is opened. There is no grace period for cash advance or balance transfer transactions; finance charges accrue from the date of the transaction.
The information about the cost and terms of the Card described is accurate as of 7/11/08. This information may have changed after that date. To find out what may have changed, call ESL at 585.336.1000 or 800.848.2265.
Your Visa® account will be governed by the terms of the ESL Federal Credit Union Cardmember Agreement that will be sent to you with your card(s). The terms of your account are subject to change as provided in your Cardmember Agreement.
* Annual percentage rate if your account becomes past due because you fail to make the minimum payment for two consecutive billing cycles.
** Highest U.S. Prime rate as published in the Wall Street Journal on the fifth business day prior to the first day of the calendar month in which the billing cycle begins.